Welcome to a premier investment opportunity in the heart of Los Angeles, boasting an impressive 7.2% Cap Rate. This turn-key duplex is fully occupied and performing, featuring two spacious units each with 3 bedrooms and 1 bathroom. The property has undergone extensive updates over the last few years, ensuring a… Read More low-maintenance, tenant-ready experience from day one. All tenants are paying their utilities, so less expenses! Massive forced appreciation potential exists at the rear, where a long driveway leads to a garage and a ~600 sq. ft. legal storage room primed for conversion into a comfortable 1-bedroom ADU. With an additional 17 feet of driveway approach, there is room to expand the footprint into a 2 or 3-bedroom unit, or even build a second ADU above (buyer to verify). With the potential to collect almost $10,000 in monthly gross rent, this is a powerhouse addition to any portfolio. Call the listing agent or see private remarks for more details. Read Less
Courtesy of Urban Real Estate, Inc. 213-318-0777
Listing Snapshot
Days Online
31
Last Updated
Property Type
Other
Beds
6
Square Ft.
1,872
Lot Size
0.12 Acres
Year Built
1926
MLS Number
26641567
Additional Details
Appliances & Equipment
Ceiling Fan, Garbage Disposal
Building
1,872 sq ft, Built in 1926, Levels: One
Cooling
Ceiling Fan
Disclosures
None
Garage
2 total garage spaces, Garage Is Detached, Garage - 2 Car, Driveway - Pavers, Driveway Gate
Heating
Central
Lot
LotSizeArea: 5,177
Parking
OpenOtherSpacesTotal: 4, TotalParking: 6
Property
NumberOfUnits: 2, Zoning: LAR1
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